Condominium Appraisal (1073)
Condominium appraisals are reported on the Individual Condominium Unit Appraisal Report and comply with USPAP, Red Door Appraisal Management, LLC, and customer guidelines. Effective January 1, 2006, condominium appraisals completed for FHA loans will also be reported on Form 1073. A full interior and exterior inspection of the subject unit is made and a concise analysis of the project and market are provided. Attachments comparable to those included with the single-family residential report are also included in the condominium report. Non-owner-occupied unit appraisals include a completed rent schedule and operating income statement.